Company had $20m at end of Dec and spends around $7m a quarter.
This means that by the end of June, it should be down to $6m, and I think we will see a capital raising then.
I know this is part and parcel of developing companies, but it could weigh down on the stock as it did with GOR.
capital raising
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Last
1.1¢ |
Change
-0.002(15.4%) |
Mkt cap ! $6.800M | |||
| Open | High | Low | Value | Volume |
| 1.2¢ | 1.2¢ | 1.0¢ | $12.19K | 1.156M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 334348 | 1.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.3¢ | 963480 | 5 |
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| Last trade - 15.12pm 11/07/2024 (20 minute delay) ? |
| KGD (ASX) Chart |